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University of California Sues Retailers Over LED Bulbs

The University of California is looking to halt imports of vintage-style LED light bulbs that are sold at five of the nation’s biggest retailers, including Walmart Inc., Target Corp. and Amazon.com Inc. The University of California Santa Barbara says the …

Capital One Touted the Cloud’s Safety as Hacker Was Breaching It

Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive …

Business News: Clara Analytics, Legion Claims Solutions, Duck Creek Technologies

Clara Analytics Hires CEO Clara Analytics, a data analytics provider to the commercial insurance industry, has appointed Gary Hagmueller as chief executive officer as the founder of the company steps down from the helm to take over the role of …

Insurer Innovation Comes Under the Rating Agency Microscope

Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ Banham spoke with ratings agencies, thought …

Mississippi River City Ponders a Wall it has Long Rejected

DAVENPORT, Iowa — Hundreds of communities line the Mississippi River on its 2,348-mile journey to the Gulf of Mexico, but Davenport, Iowa, stands out for the simple reason that people there can actually dip their toes in the river without …

Voice Software Pioneer Says Amazon Used Its Technology in Alexa

A voice software technology developer is suing Amazon.com Inc., saying the e-commerce giant infringed on patents when developing software for the Alexa digital assistant. VB Assets LLC, which owns the rights to some of the technology developed by voice software …

Tipster’s Email Led to Arrest in Massive Capital One Breach

Capital One Financial Corp. set up an email address for tipsters — including “white hat” hackers — to alert the company to potential vulnerabilities in its computer systems. On July 17, the company got a hit. “Hello there,” the email …

Bayer CEO Opens Door to Roundup Settlement as Lawsuits Swell

Bayer AG Chief Executive Officer Werner Baumann said he’d consider a “financially reasonable” settlement of litigation over the weedkiller Roundup as the caseload swells and the company’s shares slump anew. The number of lawsuits from people in the U.S. who …

Capital One Says Breach Hit 100 Million Individuals in U.S.

Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman of breaking into the bank’s server at a cloud-computing company. The woman, Paige A. Thompson, was arrested …

Helicopter Operator PHI Bankruptcy Highlights Surprise Bills

The bankruptcy of helicopter operator PHI Inc. has transported the contentious issue of surprise health care bills to the steps of federal court. Judge Harlin Dewayne Hale on Tuesday will weigh objections to PHI’s plan to exit Chapter 11 protection. …

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